SIA’s Q3 profits spike 35.7% to $275.6m

Thanks to aircraft disposal and raised operating profit.

Singapore Airlines’ (SIA) reported profits for 3QFY16 soared 35.7% YoY to $275.6m, thanks to increased operating profit and a gain of $53.3m from aircraft disposal.

According to OCBC, these were offset, though, by raised tax expense incurred, aircraft impairment, and flagging performance of associates.

During the quarter, SIA’s revenue dipped 3.9% or $158m to $3.94b on back of a 4.6% pullback in passenger yield and a 13.5% drop in cargo yield.

Total expenditure slipped 7.6% to $3.65b thanks to tapered net fuel costs as average jet fuel price fell by a material 41.1%. However, the strengthening of USD against as as well as hedging losses partially offset the fuel savings.

Reaching the people who run Asia's businesses is harder than it used to be.

Inboxes are crowded. Attention is short. The executives you most want to reach — the founders, CFOs, and operators who actually move budgets — are the hardest to find through the usual channels. If you're building a company, a category, or a reputation, you already know this.

We've spent twenty years building the room they read. Singapore Business Review is where senior decision makers in Singapore and across Southeast Asia come for business coverage they can't get elsewhere — in print, online, and in person at the summits and roundtables we host across seven markets.

If you have something these readers should know about — a point of view worth publishing, a product worth their attention, an event worth their time — we'd like to hear what you're trying to do.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia